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NASDAQ:CCRN

Cross Country Healthcare (CCRN) Stock Price, News & Analysis

$14.53
-0.43 (-2.87%)
(As of 09/20/2024 ET)

About Cross Country Healthcare Stock (NASDAQ:CCRN)

Key Stats

Today's Range
$14.52
$14.95
50-Day Range
$13.47
$18.24
52-Week Range
$12.87
$25.76
Volume
1.70 million shs
Average Volume
443,504 shs
Market Capitalization
$505.27 million
P/E Ratio
11.18
Dividend Yield
N/A
Price Target
$19.60
Consensus Rating
Hold

Company Overview

Cross Country Healthcare, Inc. provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services. It also offers staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, VMS, in- home care, education healthcare, RPO, project management, and other outsourcing and consultative services. This segment provides retained search services for healthcare professionals, as well as contingent search and recruitment process outsourcing services. It serves public and private acute care and non-acute care hospitals, government facilities, local and national healthcare plans, managed care providers, public and charter schools, outpatient clinics, ambulatory care facilities, physician practice groups, and other healthcare providers under the Cross Country brand. Its Physician Staffing segment provides physicians in various specialties, certified registered nurse anesthetists, nurse practitioners, and physician assistants under the Cross Country Locums brand on temporary assignments. It serves various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations. The company was founded in 1986 and is headquartered in Boca Raton, Florida.

Cross Country Healthcare Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 92nd Percentile

Cross Country Healthcare scored higher than 92% of companies evaluated by MarketBeat, and ranked 94th out of 1,006 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Cross Country Healthcare has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Cross Country Healthcare has only been the subject of 2 research reports in the past 90 days.

  • Read more about Cross Country Healthcare's stock forecast and price target.
  • Earnings Growth

    Earnings for Cross Country Healthcare are expected to grow by 40.38% in the coming year, from $0.52 to $0.73 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cross Country Healthcare is 11.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.85.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cross Country Healthcare is 11.18, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 145.32.

  • Price to Earnings Growth Ratio

    Cross Country Healthcare has a PEG Ratio of 2.61. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Cross Country Healthcare has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Cross Country Healthcare's valuation and earnings.
  • Percentage of Shares Shorted

    12.76% of the float of Cross Country Healthcare has been sold short.
  • Short Interest Ratio / Days to Cover

    Cross Country Healthcare has a short interest ratio ("days to cover") of 9.3.
  • Change versus previous month

    Short interest in Cross Country Healthcare has recently increased by 5.43%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Cross Country Healthcare does not currently pay a dividend.

  • Dividend Growth

    Cross Country Healthcare does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    12.76% of the float of Cross Country Healthcare has been sold short.
  • Short Interest Ratio / Days to Cover

    Cross Country Healthcare has a short interest ratio ("days to cover") of 9.3.
  • Change versus previous month

    Short interest in Cross Country Healthcare has recently increased by 5.43%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Cross Country Healthcare has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Cross Country Healthcare this week, compared to 3 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Cross Country Healthcare insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $269,673.00 in company stock.

  • Percentage Held by Insiders

    Only 4.90% of the stock of Cross Country Healthcare is held by insiders.

  • Percentage Held by Institutions

    96.03% of the stock of Cross Country Healthcare is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Cross Country Healthcare's insider trading history.
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CCRN Stock News Headlines

How the US Will Win the Great Lithium Race
China spent $60B+ on lithium infrastructure in the past decade. It possesses 7.9% of the world’s supply, but it processes 70-80%. Now the US is coming over the top by investing $700B+ into domestic supply with the IRA and Bi-partisan Infrastructure Bill.
Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Up 5.4% in August
Girls Cross Country Runners of the Week for Sept. 17
See More Headlines

CCRN Stock Analysis - Frequently Asked Questions

Cross Country Healthcare's stock was trading at $22.64 at the start of the year. Since then, CCRN shares have decreased by 35.8% and is now trading at $14.53.
View the best growth stocks for 2024 here
.

Cross Country Healthcare, Inc. (NASDAQ:CCRN) issued its earnings results on Wednesday, July, 31st. The business services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by $0.04. The firm's revenue for the quarter was down 37.2% on a year-over-year basis.

Cross Country Healthcare's top institutional investors include Pacer Advisors Inc. (13.09%), Dimensional Fund Advisors LP (6.79%), Systematic Financial Management LP (4.41%) and American Century Companies Inc. (2.22%). Insiders that own company stock include William J Burns, W Larry Cash, Susan E Ball, John Anthony Martins, Marc S Krug, Karen Mote, Colin Patrick Mcdonald, Phillip Lyn Noe and Cynthia Ann Grieco.
View institutional ownership trends
.

Shares of CCRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Cross Country Healthcare investors own include NVIDIA (NVDA), Energy Transfer (ET), OPKO Health (OPK), Enphase Energy (ENPH), Overstock.com (OSTK), QUALCOMM (QCOM) and Vista Outdoor (VSTO).

Company Calendar

Last Earnings
7/31/2024
Today
9/20/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Medical Care Facilities
Sub-Industry
Health Care Services
Current Symbol
NASDAQ:CCRN
CUSIP
22748310
Employees
13,131
Year Founded
1996

Price Target and Rating

Average Stock Price Target
$19.60
High Stock Price Target
$22.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+33.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$72.63 million
Pretax Margin
1.05%

Debt

Sales & Book Value

Annual Sales
$1.58 billion
Cash Flow
$3.01 per share
Book Value
$13.47 per share

Miscellaneous

Free Float
33,070,000
Market Cap
$510.48 million
Optionable
Optionable
Beta
0.63

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This page (NASDAQ:CCRN) was last updated on 9/20/2024 by MarketBeat.com Staff
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